SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Covered Calls for Dummies Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: FaultLine who wrote (1593)7/23/2001 7:47:35 PM
From: JohnM  Read Replies (2) of 5205
 
Ken and Mike B,

Your two Siebel posts puzzle me, as does Ken's remarks about Ntap, in two respects. Why sell now rather than wait for an up day or two in the market? And why sell against all your core holdings?

First, timing. I hold shares in both Ntap and Siebel with thoughts of writing August ccs but, as I've watched the ebb and flow of premium prices over the past two months of learning, I find myself agreeing with several posters here who have argued that one tries to sell ccs when optimism reins, then buy them back when pessimism hits.

Your posts suggest you have some other rationale. Would you share it?

Second, both of you seem to be writing on core holdings. Both of you say you are writing, in fact, against all of your holdings in Sebl, if I read you correctly.

That strikes me as a very bold move compared to either writing against shares explicitly set aside for cc writing or against a portion of your core shares. Again, I'm interested in your reasoning.

Way back on the learning curve,

John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News